What Is Credit Pre-Approval Banks Without Preliminary Approval


The banks first take the credit applications made for an evaluation regarding the credit rating and before the document is submitted, it is questioned whether the credit rating is sufficient to allocate the related credit. After the interrogation in question, the loan is either pre-approved or not.

What is Credit Pre-Approval?

What is Credit Pre-Approval?

The decision made after the first evaluation based on loan applications is called pre-approval. Consumers who receive pre-approval can take the necessary documents to the branch and allocate their credit. For loans granted without pre-approval, it is possible to allocate the loan based on the positive response received without going to the branch.

Credit pre-approval is a procedure applied based on loan applications made via the internet, mobile banking application, text message or call center. There is no pre-approval stage of loan applications made through branches, applications are taken directly to the final evaluation.

Consumers whose credit pre-approval assessment is answered positively are informed that they have passed the pre-approval stage of their credit application by calling via text message or call center and are invited to the nearest branch.

Housing Loan Pre-Approval

Housing Loan Pre-Approval

Unlike other loans, housing loans always have a pre-approval procedure. The reason for this is that the house passing the pre-approval stage has to be examined by an expert and bank. This review can be named as the pre-approval stage for the housing loan. Credit applications, which also pass the expertise and bank examination, can be allocated to the consumer as a result of the final evaluation.

What is Required for Credit Approval?

Consumers who have passed the pre-approval stage of the loan application and are invited to the nearest branch have to submit different documents depending on the loan application made. These documents are for general purpose loan:

  • Income certificate,
  • Birth certificate,
  • Place of residence.

For vehicle loan:

  • Income certificate,
  • Birth certificate,
  • Place of residence,
  • Vehicle license photocopy,

For mortgage loan:

  • Income certificate,
  • Birth certificate,
  • Place of residence,
  • Land copy or floor easement.

Why Credit Pre-Approval Is Not Provided?

Consumers who apply for a pre-approved loan but whose credit application is responded negatively should examine various issues related to their credit rating. Since the bank is not given any information other than the credit rating and income, the existing negativities in these two issues may result in a negative response to the credit pre-approval.

Banks That Give Credit Without Pre-Approval

Banks That Give Credit Without Pre-Approval

All banks can allocate loans without prior approval, based on the loan application made from the branches. For this reason, it is sufficient to state that the loan application made from each branch of each bank can be allocated without prior approval, rather than including individual bank names.

However, not every bank offers the opportunity to allocate without pre-approval after the application on the internet. Some banks may offer instant allocation without prior approval after loan applications made via internet banking or mobile banking application.

Good Finance

With its E-Credit product, Good Finance makes it possible to allocate cash needs up to 50 thousand USD over the internet with a 36-month maturity. Consumers whose loan applications are answered positively can immediately allocate their loans if they have an open account at Good Finance.

Good Credit Necessity Loan

Consumers with an active current account at Good Credit can benefit from instant loan allocation if their loan application is answered positively. The upper limit of the loan that can be used is 30 thousand USD.

Money Requirement Loan

Consumers who have current accounts or who want to open an account in Enpara can use up to 30 thousand USD without prior approval.

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